Online talent platform Fiverr International Ltd. (NYSE: FVRR) reported second-quarter revenue rose 13% year over year to $85.01 million.

The Tel Aviv, Israel-based company also reported growth in both the number of active buyers and spend per buyer.

“We have built a great team and freelance marketplace over the past decade. In fact, Fiverr today is three times larger than the company we took public only three years ago,” founder and CEO Micha Kaufman said.

“Growth has and will always be our priority,” Kaufman said. “However, with market conditions worse than anticipated, when growth becomes expensive, instead of growing at any cost, we decided to prioritize EBITDA and free cash flow, and accelerate the pace towards our long-term target model.”

The number of active buyers on the platform rose 6% year over year to 4.2 million in the second quarter. Meanwhile, the amount of spend per buyer rose by 14% to $259.

“We delivered better adjusted EBITDA than guided during the quarter,” President and CFO Ofer Katz said. “Post the quarter, we took additional steps to streamline our cost structure as we increased our focus on profitability. The strong adjusted EBITDA margin execution together with July’s realignment of resources and the recalibration of our investments demonstrates our commitment to progressing toward our long-term target model.”

Guidance

Fiverr forecast third-quarter revenue of between $80.5 million and $82.5 million, a year-over-year of increase of between 8% and 11%.

The company also increased its forecast for full-year revenue to between $332.0 million and $340.0 million, a year-over-year increase of between 12% and 14%.

Additionally, the company reported that following the second quarter, it took steps to recalibrate its spending priorities, resulting in a workforce reduction of approximately 60 people across its offices.

Share price and market cap

Shares in Fiverr were up 5.38% to $39.07 as of 11:31 a.m. Eastern time; they were 34.52% above their 52-week low, according to the FT.com. Fiverr had a market cap of $1.38 billion.